Lifecycle and Maintenance Legal Expertise
Solicitors for Lifecycle and Maintenance
The lifecycle costs – the costs of servicing, maintaining, and operating an asset – often vastly outweigh the initial costs of constructing or acquiring that asset.
With utility and other servicing costs rising, the focus on lifecycle costs and the costs of operation and maintenance is greater than ever.
A properly thought-out plan for operating, servicing, and maintaining an asset can save an organisation sums that will dwarf the original costs of construction.
What Our Lawyers Can Help With
Our team has vast experience in the drafting and negotiation of service contracts, operation and maintenance agreements, facilities management agreements, and framework contracts with supply chain members involved in the lifecycle of an asset.
Our team will assist in the drafting and negotiation of all types of lifecycle agreements, including provisions dealing with:
- Operation and maintenance services
- Spare parts
- Performance damages
- Price inflation
- Manufacturer guarantees and warranties
- Changes in law
- Major services
What are Lifecycle Agreements?
Lifecycle agreements are often long-term contracts covering the provision of services for up to 25 years.
Given the long-term nature of lifecycle agreements, provisions need to deal with the issues outlined above, as well as the termination and renewal of the agreements.
A properly thought-through programme for servicing, operation, and maintenance can save a party significant sums as well as ensure that the asset produces and achieves the outputs required by the asset owner.
Construction Law Capabilities
Reach out to Our Specialist Lifecycle and Maintenance Team Today
We understand the challenges you face and the pressures that can exist on construction projects. We have numerous years of experience in lifecycle and maintenance so no matter your issue, you can trust in us.
To chat with one of our lawyers, give us a call at 0333 202 6433 or send us an email at [email protected].
